Automated Platforms for Trading Forex
Automated forex trading software is powered by a program that analyzes currency price charts and other market activity across many time periods. The algorithm looks for indicators including spread discrepancies, pricing trends, and news that might move the market in order to locate potentially profitable currency pair transactions.
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For example, a software application can broadcast a buy or sell alert and automatically execute a deal when it finds a currency pair transaction that satisfies predetermined profitability metrics based on a set of parameters that the user specifies.
The ability of automated forex trading software to replace psychological and emotional influences with a dispassionate, analytical approach to trading decisions is one of its primary advan...